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i need help solving part A please! On August 1, Sunland, Inc. exchanged productive assets with Coronado, Inc. Sunland's asset is referred to below as
i need help solving part A please!
On August 1, Sunland, Inc. exchanged productive assets with Coronado, Inc. Sunland's asset is referred to below as "Asset A," and Coronado' is referred to as "Asset B." The following facts pertain to these assets. on Auset e Thelialowing facth pereain todthtve sets with Coronado, inc. Suniand's asset is refered to below as Asset A,-and Coronado' is refered to Asset B $115,200 $132,000 48,00056,400 90,000 Asset A Original cost Accumulated depreciation (to date of exchange) Fair value at date of exchange Cash paid by Sunland, Inc. Cash received by Coronado, Inc. 72,000 18,000 18,000Step by Step Solution
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